This key issue is missing from the election debate (Video)
5 May, 2017Something important is missing from the election debate: solutions to our unfair and unbalanced economy. Watch this short video by Fran Boait, director of Positive Money. Where the money goes, the economy grows, and at the moment, banks are funneling most of it into financial and property markets. This benefits the wealthy at the expense [...]
Banking as if society mattered (Video)
4 May, 2017What's the core idea behind Positive Money? Why is it a problem that commercial banks create money? What would a positive money system look like? To these and other questions responds Fran Boait, Positive Money's executive director in this short interview for Just Money:
Positive Money’s submission to the Treasury Select Committee on the effectiveness and impact of post-2008 UK monetary policy
27 April, 2017The House of Commons Treasury Select Committee is undertaking a landmark inquiry into monetary policy. Our aim is to persuade the committee to acknowledge monetary policy’s bad side-effects and to consider the benefits of fairer and more sustainable monetary policy tools. With this in mind, we coordinated a joint letter from over 40 leading economists, [...]
Some food for thought on financing the Sustainable Development Goals
19 April, 2017Yesterday, the United Nations held a high-level conference on how to finance the Sustainable Development Goals (SDGs). We have therefore come up with some rough ideas on how central banks could help partially fund some of these goals. Of course, these thoughts are by no means concrete proposals or an 'end product'. They are merely [...]
Policy Brief: Rebuilding America’s Infrastructure
31 March, 2017Trump's infrastructure plan is likely to be a giant giveaway to private investors, accelerating privatization and sticking taxpayers with the bill. In this policy brief for The Next System Project, Ellen Brown, founder of the Public Banking Institute and Democracy Collaborative Fellow, shows how approaches grounded in public banking and "qualitative easing" could save trillions while [...]
The ‘business as usual’ budget
10 March, 2017With this week’s budget, the Chancellor doubled down on a failed economic model. The government will continue cutting spending into the next parliament, and earlier this week, it was revealed that the Treasury has asked most departments to find an extra 6% of savings. But austerity isn’t working. Having dropped the last government’s fiscal plan, [...]
The role of central banks in enhancing green finance
4 March, 2017An interesting paper by Ulrich Volz on the role of central banks in enhancing green finance was published recently, originally on the UNEP website. The paper examines the role of central banks in ‘greening’ financial systems. Given the enormous investments needed to bring about a green transformation, the financial sector will have to play a [...]
“Once-in-a-decade” opportunity for a fairer money system
2 March, 2017It’s hard to believe, but over the last few years, the government has let the Bank of England pump billions of pounds to the very richest, while inflicting cuts on the rest of us. But now we’ve got a “once-in-a-decade” opportunity to change this. A small, influential group of MPs has launched an inquiry into [...]
Every UK citizen could have received £6,834
28 February, 2017From 2009 to 2012, the Bank of England created £375bn of new money. In response to potential economic uncertainties arising from the Brexit vote, the Bank of England announced it would expand its Quantitative Easing (QE) programme by an extra £70bn – bringing QE to a total £445bn. Most of this money didn't filter down into the productive sectors [...]